Arkansas § 4-27-1801 Share exchange

Arkansas Statutes

§ 4-27-1801 — Share exchange

Arkansas § 4-27-1801

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This text of Arkansas § 4-27-1801 (Share exchange) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 4-27-1801 (2026).

Text

(a)A corporation may acquire all of the outstanding shares of one (1) or more classes or series of another corporation if the board of directors and shareholders if required by § 4-27-1802 of each corporation approve the exchange.

(b)The plan of exchange shall set forth:

(1)The name of the corporation whose shares will be acquired and the name of the acquiring corporation;

(2)The terms and conditions of the exchange; and (3) The manner and basis of exchanging the shares to be acquired for:

(A)Shares, obligations, or other securities of the acquiring corporation or any other corporation; or (B) Cash or other property.

(c)The plan of exchange may set forth other provisions relating to the exchange.

(d)This section does not limit the power of a corporation to acquire all or part of the

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(a) A corporation may acquire all of the outstanding shares of one (1) or more classes or series of another corporation if the board of directors and shareholders if required by § 4-27-1802 of each corporation approve the exchange. (b) The plan of exchange shall set forth: (1) The name of the corporation whose shares will be acquired and the name of the acquiring corporation; (2) The terms and conditions of the exchange; and (3) The manner and basis of exchanging the shares to be acquired for: (A) Shares, obligations, or other securities of the acquiring corporation or any other corporation; or (B) Cash or other property. (c) The plan of exchange may set forth other provisions relating to the exchange. (d) This section does not limit the power of a corporation to acquire all or part of the shares of one (1) or more classes or series of another corporation through a voluntary exchange or otherwise.